How can I take control of my financial life after my divorce?

As published by Morgan Stanley – Read entire article (PDF).

Divorce is seldom easy for anyone involved. Still, there are steps you can take now that may make the process less stressful and help simplify your life when the divorce is finalized. The more you know about the divorce process and your legal and financial options, the better equipped you will be to pursue your goals and protect your best interests. The information included here can help you start to think through key issues. Remember, though, that a competent attorney is essential, and a knowledgeable Financial Advisor can help you deal with the intricacies of planning, both for short term realities and long term possibilities.

Q: What should I focus on first?

A: Throughout the divorce process, it is critical to focus on your specific objectives and preferred outcomes. For example, try to keep clear answers to these questions in mind as you weigh alternatives and make decisions:

  • What is most important to you?
  • What are your short term and long term goals regarding your work, home and children?
  • How can you reach these goals?
  • How can you control your financial future?
  • What legal path makes sense for your divorce?

Read the entire article here

Categories: Divorce Articles and Divorce Q&A.